2024-07-31T16:48:57-07:00 2023-12-31 990 2023-01-01 741110016 ENERGY CAPITAL CREDIT UNION ENER 8326044848 18540 Northwest Fwy Houston TX 77065 Corey Cunningham Chief Financial Officer 8326042180 2024-07-31 1 2023 2024-08-08 14:25:15Z Kanika Boutte 18540 Northwest Fwy Houston TX 77065 14126270 0 X www.eccu.net X 1934 TX Energy Capital Credit Union is a cooperative thrift institution and is a member of the National Credit Union Administration Insurance Fund. The Credit Union is regulated by the State of Texas Credit Union department as well as the National Credit Union Administration. Energy Capital Credit Union offers products and services in four primary areas: share accounts, checking accounts, consumer loans, and real estate loans. 8 8 74 8 621 621 0 0 10067560 12415895 544390 1709754 1087274 621 11699224 14126270 0 0 0 0 4031169 4520003 0 0 0 6474415 9480333 10505584 14000336 1193640 125934 275309619 257823663 249736739 233561987 25572880 24261676 COOPERATIVE PROVIDER OF CREDIT UNION FINANCIAL SERVICES 0 0 717670 0 427809 SHARE ACCOUNTS - ENERGY CAPITAL CREDIT UNION'S SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. THE CREDIT UNION HAD 18,480 MEMBER-OWNER ACCOUNTS AS OF DECEMBER 31, 2023. MEMBER SAVINGS ACCOUNTS PAY DIVIDENDS MONTHLY AND OFFER ACCESS THROUGH THE SHARED BRANCH NETWORK, HOME BANKING VIA THE INTERNET, 4 BRANCH LOCATIONS AND ATMs WORLDWIDE. SPECIAL SAVINGS ACCOUNTS DESIGNED FOR CHILDREN AND TEENAGRS ENCOURGAE THE DEVELOPMENT OF CONSISTENT SAVINGS HABITS. Code: 522130 619766 0 772581 CHECKING ACCOUNTS- ENERGY CAPITAL CREDIT UNION PROVIDES CHECKING ACCOUNTS FOR CONSUMERS WITH VARIOUS FEATURES FROM FREE ACCOUNTS TO THOSE WITH ENHANCED BENEFITS. MOST OFFER DIVIDENDS THAT ARE PAID MONTHLY. ADDITIONALLY, THE CREDIT UNION EXTENDS THE REACH OF THESE ACCOUNTS TO ALL MEMBERS WITH FREE DEBIT CARDS, INTERNET ACCOUNT ACCESS AND FREE USE OF THE INTERNET BILL PAY BROGRAM. 49.24% OF THE CREDIT UNION'S MEMBERS HAVE A CHECKING ACCOUNT. Code: 522130 2090438 0 10474834 CONSUMER LOANS - ENERGY CAPITAL CREDIT UNION HAS PROVIDED VEHICLE LOANS SINCE ITS FIRST YEAR OF OPERATIONS. THE CONSUMBER LOAN PRODUCT LINE NOW INCLUDES EFFICIENT UNDERWRITING AND FLEXIBLE OFFERINGS FOR AUTO, SIGNATURE LOANS, CREDIT CARDS, RECREATIONAL VEHICLES, BOATS, MOTORCYCLES, HOME EQUITY AND MORTGAGE LOANS. CONSUMER DEBT PROTECTION INSURANCE IS AVAILABLE ON MAY OF THESE LOAN TYPES. Code:522130 10572463 0 740670 GENERAL OVERHEAD FOR OPERATIONS OF THE CREDIT UNION, SEE SCHEDUL O STATEMENT 1 10572463 0 740670 14000337 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 1 1869 0 1 74 1 1 1 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 1 0 1 1 1 0 X Corey Cunningham 8326042140 18540 Northwest Fwy Houston TX 77065 Kanika Boutte Chief Executive Officer 50 X X X X 295813 0 19021 Corey Cunningham Chief Financial Officer 50 X X X 251074 0 6274 Deana Price HR VP 40 0 X 137892 0 12569 Danny Contreras MSVP 50 0 X 132609 0 12489 Valerie Dahlgren-Ballew VP Lending 50 0 X 134316 0 10237 Brent Rawson Director; Board Chair; Trustee 2 0 X 0 0 0 George Edwards Director 2 0 X 0 0 0 Detra Johnson Director 2 0 X 0 0 0 Todd Reppert Director 2 0 X 0 0 0 Kimberly Irchirl-Carter Director 2 0 X 0 0 0 Shannon Rives Director 2 0 X 0 0 0 Akpevwen Onoyase Director 2 0 X 0 0 0 951704 0 60590 6 0 1 0 0 0 Check Account Income 522130 773218 773218 0 0 Loan Income 522130 10474834 10474834 0 0 Share Account Income 522130 427809 427809 0 0 Miscellaneous Operating Income 522130 740034 740034 0 0 0 0 0 0 12415895 1359494 1359494 0 0 0 0 0 0 0 0 0 0 0 0 0 350260 0 0 0 350260 350260 350260 0 0 621 0 621 0 621 14126270 14125649 621 0 1244834 2444355 93363 503608 233843 70383 67517 55647 287920 435156 1178420 132909 461675 69248 3369533 252036 118783 Debit Card Program 335189 Loan Servicing and Provision 2090438 All Other Expenses 555479 14000336 0 0 0 652279 966765 15569765 23981965 0 0 283946 489800 0 0 0 0 229056315 205879572 0 0 2618144 3113325 10675089 4769533 5662289 5905556 0 0 16710155 18335464 0 0 0 0 4756726 -848784 275309619 257823663 1815632 2084192 4204109 7001904 243716998 224475891 249736739 233561987 X 0 0 0 0 25572880 24261676 25572880 24261676 275309619 257823663 X 125934 94097 0 0 0 -1531235 X 1 X 1 X 1 0 1818651 0 1818651 5041828 0 1562028 3479800 102447 0 96893 5554 3302842 0 2762534 540308 409321 0 348078 61243 5905556 CDs, MBS, CMOs 18335464 C 18335464 Member Shares 224475891 224475891 X Schedule D, Part X, Line 2 Not applicable. X X X 0 0 0 Kanika Boutte Chief Executive Officer 248234 0 47578 0 19021 0 0 0 23151 0 337984 0 270929 0 Corey Cunningham Chief Financial Officer 251074 0 34241 0 6274 0 0 0 19252 0 310841 0 204952 0 CU Alliance LLC CEO is on the Board 0 Owner of CU Alliance 0 Energy CCU Wealth Services LLC Income Sharing Agreement 400006 Annual Revenue 1 Form 990, Part VI, Section A, Line 6 Energy Capital Credit Union has members who have equal voices for election of Board of Directors, Members must have an account to join the credit union. Minimum balances are required to open accounts and we have a par value of $0 once the account is open. Form 990, Part VI, Section A, Line 7a Members vote on election of Board Members at the Annual Meeting. Each member is allowed one vote. Form 990, Part VI, Section B, Line 11b The 990 is prepared by the CFO and is reviewed by the Internal Auditor before filing. Form 990, Part VI, Section B, Line 12c The conflict of interest policy is signed annually by the Board of Directors and all staff at the first board meeting after the annual meeting. Newly elected Board Members, if elected for an interim basis for vacancies also sign the Conflict of Interest Statement after elected. Transactions are monitored for possible conflicts where possible by senior level staff and the Internal Auditor. Form 990, Part VI, Section B, Line 15 The CEO's salary is set by the Board of Directors annually. Peer salaries are reviewed and evaluation of job performance includes completion of strategic goals, minutes are kept on Executive Committee Discussions which include Executive compensation. Executive Management Team reviews are performed by CEO and include peer data and compa ratios (benchmarks for similar positions) and performance with strategic goals, incentive plan for senior management is reviewed annually by the Board Executive Committee. Form 990, Part VI, Section C, Line 19 The following documents are available upon request: most recent annual audit, the most recent Statement of Financial Condition (posted monthly in all branch lobbies), the IRS 990, 990T as well as other documents members are entitled to request in accordance with section 122.107 of the Texas Finance Code. The Conflict of Interest Policy is not currently made available to the public. Form 990, Part XI, Line 9 Changes in Other Comprehensive Income from defined benefit plan in 2023 + one-time adjustment to capital for implementation of FASB 326 Current Expected Credit Loss. Energy CCU Wealth Services 18540 Northwest Fwy Houston TX 77065 462160959 Brokerage Trust and Insurance Products TX 400006 4082180 N/A CU ALLIANCE LLC 9601 JONES ROAD SUITE 108 HOUSTON TX 77065 421570151 CREDIT UNION SERVICES TX CU ALLIANCE C 48159 0.148 MEMBER HOME LOAN 9601 JONES ROAD SUITE 324 HOUSTON TX 77065 364569955 SERVICE AND ORIGINATE MORTGAGE LOANS TX CU ALLIANCE LLC C -16135 0.0715 COOP FINANCIAL SERVICES 9692 HAVE AVE RANCHO CUCAMONGA CA 91730 953732627 DEBIT CARD PROCESSING AND SHARED SERVICE CENTERS CA COOP FINANCIAL SERVICES C 0 0.0002 ENERGY CCU WEALTH SERVICES 18540 NORTHWEST FWY HOUSTON TX 77065 462160959 FINANCIAL ADVSISORY SERVICES TX N/A C 400006 4082180 1 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0